Greenlane Holdings, Inc. (NASDAQ:GNLN - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 453,049 shares were traded during trading, an increase of 335% from the previous session's volume of 104,256 shares.The stock last traded at $3.55 and had previously closed at $0.01.
Greenlane Stock Up 45,757.1%
The stock has a 50-day simple moving average of $0.03 and a 200 day simple moving average of $0.67.
Greenlane (NASDAQ:GNLN - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($0.32) earnings per share (EPS) for the quarter. Greenlane had a negative return on equity of 152.22% and a negative net margin of 173.31%.
Hedge Funds Weigh In On Greenlane
A hedge fund recently bought a new stake in Greenlane stock. Citadel Advisors LLC acquired a new stake in Greenlane Holdings, Inc. (NASDAQ:GNLN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,369 shares of the company's stock, valued at approximately $29,000. Citadel Advisors LLC owned 1.30% of Greenlane as of its most recent filing with the Securities and Exchange Commission (SEC). 13.96% of the stock is currently owned by hedge funds and other institutional investors.
About Greenlane
(
Get Free Report)
Greenlane Holdings, Inc develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.
Further Reading
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